TMX Group Limited (OTCMKTS:TMXXF) Given Average Recommendation of “Buy” by Analysts

TMX Group Limited (OTCMKTS:TMXXF) has been given an average rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce started coverage on shares of TMX Group in a research note on Monday, August 17th. They issued an “outperform” rating on the stock. National Bank Financial upgraded TMX Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of TMX Group in a report on Wednesday, May 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of TMX Group in a research report on Monday, August 3rd.

TMX Group Price Performance

TMXXF stock opened at $39.33 on Friday. The stock’s fifty day simple moving average is $35.88 and its two-hundred day simple moving average is $36.36. TMX Group has a 1-year low of $31.66 and a 1-year high of $41.94.

About TMX Group

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.